New rule from January 1, 2025: Only hours are left for 2025 to start. The new year will bring many changes. Many financial changes are going to take place from January 1, 2025, which can affect a person’s pocket. These changes range from LPG prices to UPI payment rules. Let us know in detail…
lpg cylinder prices
LPG prices may increase in January 2025 as the price of crude oil in the international market is currently $ 73.58 per barrel. Let us tell you that oil marketing companies review LPG prices on the first of every month. At present, the price of domestic cylinder (14.2 kg) has remained unchanged for many months, currently it is Rs 803 in Delhi.
Fixed deposit rules will change
Bank customers should note that fixed deposit rules for non-banking financial companies (NBFCs) and housing finance companies (HFCs) will also change from January 1, 2025.
Changes in GST rules
Taxpayers will face stricter GST compliance rules from January 1, 2025, and one of the significant changes is mandatory multi-factor authentication (MFA). This will be gradually implemented for all taxpayers using the GST portal, which will increase security. Earlier it was only Rs 10. Applicable only to businesses with an annual aggregate turnover (AATO) of more than Rs 200 million.
UPI 123Pay Transaction Limit
The transaction limit for UPI 123Pay will be increased from January 1, 2025. Earlier the maximum transaction limit was Rs 5,000. Now from January 1, 2025, it will be increased to Rs 10,000.
ATM facility for EPFO members
More than 7 crore employees enrolled in the Employees’ Provident Fund Organization (EPFO) can get a special gift on the New Year, as the Central Government is working on the facility of withdrawing PF from ATM like regular debit card. ,
relief to farmers
RBI has increased the limit of unsecured loan for farmers to Rs 20 lakh from January 1, 2025. Work worth Rs 2 lakh has been done. Earlier this limit was Rs 1.60 lakh.
As per the rules of BSE and NSE,
Monthly closing of Sensex, Bankex and Sensex 50 will be on the last Tuesday of every month from January 1, 2025. Bombay Stock Exchange (BSE) recently said in a circular that the expiry date of Sensex, Bankex and Sensex 50 will be revised from January 1, 2025. BSE said that the weekly contract of Sensex will expire on Tuesday of every week instead of Friday. Meanwhile, the exchange said the monthly contracts of Sensex, Bankex and Sensex 50 will expire on the last Tuesday of every month.
Car prices likely to rise
Car prices are also likely to increase in January 2025, making buying a vehicle more expensive. Major automakers like Maruti Suzuki, Tata Motors, Hyundai, Mahindra, Honda and Kia, along with luxury brands like Mercedes-Benz, Audi and BMW will increase vehicle prices by 2 to 4 per cent from January 1, 2025. Car makers have cited rising production costs, rising freight charges, rising wages and foreign exchange volatility as the reasons behind the increase.”
